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Best of the Spectator

Coffee House Shots: is Hunt more prepared for a no deal than Boris?

Best of the Spectator

The Spectator

News Commentary, News, Daily News, Society & Culture

4.4785 Ratings

🗓️ 1 July 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

With Fraser Nelson and James Forsyth.

Presented by Katy Balls.

Coffee House Shots is a series of podcasts on British politics from the Spectator's political team and special guests. Brought to you daily, click here to find more episodes that are not released on Spectator Radio.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Spectator Radio, the Spectator's curated podcast collection.

0:07.0

Hello and welcome to Coffee House Shots, the Spectator's Daily Podcast. I'm Katie Balls and I'm joined by Fraser Nelson and James Versafe.

0:14.6

We are into the crunch week of the membership stage of the Tory leadership contest. At the weekend, postal ballots would be sent out,

0:21.7

and the expectation is most members will vote straight away rather than waiting over the next

0:26.5

coming weeks. That means all the campaigns are at pains to get their message out. And Jeremy

0:31.4

Hunt has taken a bold stance today, trying to play up his no-deal credentials with a 20 billion pound plan.

0:38.7

So, Fraser, what's in Jeremy Hunt's no-deal Brexit plan?

0:42.7

Well, quite a lot. I think this is the most impressive and serious thing we've seen from Jeremy Hunt so far.

0:47.6

I mean, his team think that they are pretty much neck-in-neck with Boris amongst Tory party members.

0:53.6

Now, that might be

0:54.2

delusional but I spoke to one of them yesterday and that's exactly what he thinks. So

0:58.8

they know that they will have to compete on how serious he is about leaving him the 31st

1:04.1

of October and to demonstrate that he's more serious than Boris he's come up with a

1:08.3

plan, a no-deal plan for what would happen if we were

1:11.1

to leave on the 1st of November. That would involve £6 billion for farmers and fishermen,

1:17.7

who obviously be affected in the short term, 13 billion pounds in a corporation tax cut for

1:23.2

every company, cutting the rate from 19% to 12.5% straight away. And then about another

1:30.4

billion pounds of other stimulus with the kind of, they're seeing it as if what we would

1:36.2

you do after an economic crash. This is exactly the right question, because when governments,

1:41.9

when countries hit headwinds, governments can immediately respond with stimulus.

1:47.4

And not just the Bank of England lowering interest rates, that's the button we press most of the time.

1:51.9

But there's a 27 billion-pound war chest hit up by Philip Hammond.

...

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